Business
Update on Exploration Activities
Update on Exploration Activities.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2549H African Battery Metals PLC 14 November 2018 \n\nAfrican Battery Metals plc / EPIC: ABM / Market: AIM\n14 November 2018\nAfrican Battery Metals plc (\"ABM\" or the \"Company\")\nUpdate on Exploration Activities\n \nAfrican Battery Metals plc, the AIM listed African focused exploration company developing projects in strategic battery metals, is pleased to provide an update on its exploration activities in Cameroon and the Democratic Republic of Congo, (the \"DRC\"). \n \nOverview\n\n\n\n\n \n●\n \n\n\nCommenced exploration work on the licences in Cameroon acquired as part of the purchase of Cobalt Blue Holdings Ltd (see release of 8th August 2018), (\"ABM's Cameroon Licences\" or \"Cobalt Blue Permits\" in figures 1, 2 & 3)), which are close to and in part contiguous with the Nkamouna cobalt-nickel-manganese project1 which was historically majority owned by Geovic Mining Corporation (\"Geovic\"). Nkamouna hosts one of the world's largest undeveloped cobalt resource outside the DRC2: \n\n\n\n\n \n\n\n\n\n \n◦\n\n\nABM has acquired key geophysical data, which helps identify the source of cobalt-nickel mineralisation observed in the region of the ABM Cameroon Licences;\n\n\n\n\n \n◦\n\n\nCommissioned desk top report and site visit to AMB Cameroon Licences by Sahara Natural Resources Ltd (\"Sahara\"), a highly qualified independent group specialist in African exploration; and\n\n\n\n\n \n◦\n\n\nIdentified a series of targets on ABM's Cameroon Licences for follow-up work, which exhibit the same geological signature displayed by the cobalt-nickel licences historically held by Geovic.\n\n\n\n\n \n\n\n\n\n \n●\n\n\nReceived assay results from the auger programme on ABM's part owned Kisinka licence in the DRC, which provide minimal evidence of cobalt or copper mineralisation.\n\n\n\n\n \nReferences to figures relate to the version visible in PDF format by clicking the link below:\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/2549H_1-2018-11-13.pdf\n \nABM CEO, Roger Murphy, said, \n\"I am very excited by the opportunity we have acquired in Cameroon. We know from Geovic's past exploration work at Nkamouna, that this area hosts one of the world's largest non-DRC cobalt resources2, and that we are in 'elephant c...